US May ISM Manufacturing in Contraction for 7th Straight Month as New Orders Plunge on Uncertainty Over Timing of Recovery
–ISM’s Fiore Still Sees Main Index in 47 to 51 Range; Revenues Remain Strong but Future is Very Cloudy–Fiore Repeats: Firms Managing Output to Prepare for Pickup in Late Summer, Early Fall –Fiore: Comments from Some Firms Show There is Concern About Recession in 2024 By Max Sato (MaceNews) – U.S. manufacturing activity was in […]
EXCLUSIVE: Ex-BOJ Momma Says BOJ May Raise Rates at Year End if Outlook for Sustained Wage Hikes Emerges; Initial Rate Move More Likely Next Spring or Summer
–Momma Sees 20% Chance of BOJ Achieving Stable 2% Inflation in A Year, Up from Zero 6 to 12 Months Ago –Momma: Cost-Push Inflation Prompting Wage Hikes Amid Labor Shortages By Max Sato TOKYO (MaceNews) – The Bank of Japan is focused on riding the wave of wage hikes to achieve stable 2% inflation by […]
White House and Other Schedules for Thursday, June 1
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JUNE 1, 2023 In the morning, the President will deliver the commencement address at the United States Air Force Academy […]